Sundance Energy Australia Ltd. (NASDAQ:SNDE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “Sundance Energy Australia Limited is focused on the acquisition and development of oil and gas. Its asset primarily located in premier North American resource plays. Sundance Energy Australia Limited is headquareted in DENVER CO. “

Separately, Stifel Nicolaus started coverage on Sundance Energy Australia in a research note on Wednesday, April 12th. They set a “hold” rating and a $12.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $22.00.

Analyst Recommendations for Sundance Energy Australia (NASDAQ:SNDE)

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A hedge fund recently bought a new stake in Sundance Energy Australia stock. Nokomis Capital L.L.C. purchased a new position in shares of Sundance Energy Australia Ltd. (NASDAQ:SNDE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,550,579 shares of the energy company’s stock, valued at approximately $3,258,000. Nokomis Capital L.L.C. owned about 328.49% of Sundance Energy Australia at the end of the most recent reporting period. 3.91% of the stock is currently owned by hedge funds and other institutional investors.

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